Can Audit Reforms Affect the Information Role of Audits? Evidence from the German Market*

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  • *

    Accepted by Michael Willenborg. We appreciate the comments of Michael Willenborg (associate editor), two anonymous reviewers, Dan Collins, Mark DeFond, Neil Fargher, William Kinney, Ryan LaFond, Linda McDaniels, Maarten Pronk, Thorsten Sellhorn, Stephen Taylor, Terry Warfield, Ross Watts, Michael Wilkins, and workshop participants at the 2005 International Accounting Standards Mid-year Meeting, 2004 American Accounting Association Annual Meeting, 2004 European Accounting Association Congress, Brigham Young University, University of Kentucky, MIT, Ruhr-Universität Bochum, Southern Methodist University, University of Tilburg, and WHU—Otto Beisheim Graduate School of Management. Joachim Gassen and Hollis Skaife gratefully acknowledge financial support from the German Research Foundation (DFG) and the Wisconsin School of Business, respectively.

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